WallStreetZenWallStreetZen

How to Buy Larimar Therapeutics Stock

Larimar Therapeutics Inc

Larimar Therapeutics, Inc. , a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform.

Larimar Therapeutics stock last closed at $7.27, down 1.49% from the previous day, and has increased 100.28% in one year. It has overperformed other stocks in the Biotechnology industry by 1.21 percentage points. Larimar Therapeutics stock is currently +233.49% from its 52-week low of $2.18, and -46.86% from its 52-week high of $13.68.

There are currently 63.8M LRMR shares outstanding. The market cap of LRMR is $463.84M. In the last 24 hours, 346,905 LRMR shares were traded.

How to Buy Larimar Therapeutics Stock

Not sure how to invest in Larimar Therapeutics stock? Here's how.
  1. Choose where to buy Larimar Therapeutics stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Larimar Therapeutics stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your payment method and add your info.
  4. Evaluate Larimar Therapeutics stock: The Larimar Therapeutics ticker symbol is LRMR. Is Larimar Therapeutics stock a good investment? Should you buy shares of LRMR? How do LRMR's underlying business fundamentals look? Do top analysts think Larimar Therapeutics is a good buy? Why has LRMR's stock price moved recently? (Hint: Our stock market research tools can help you understand if LRMR is a good stock to buy).
  5. Place your LRMR purchase: Decide if you will purchase LRMR shares at the current market price or use a limit order to purchase LRMR stock at a particular price.
  6. Get the latest scoop on your LRMR position: Create a watchlist to key updates about your investment in Larimar Therapeutics stock.

Step 1: Choose where to buy Larimar Therapeutics stock

You will need an online brokerage account to access the NASDAQ market and buy LRMR stock.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

We believe that eToro is the best brokerage. Here's why:

  • Invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
  • Access to world financial markets: From Technology to Energy, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by signing up for an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open your brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal information so you can buy LRMR stock today.

How to Set Up a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Enter your personal data to open your new trading account.
  1. Send your application by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Fund your brokerage account

Now that you have filled out your info on app for stock market, your next step is to transfer the money for your investment:

Check out this video walkthrough to see the process of depositing money into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Larimar Therapeutics stock

After you have identified the best place to buy Larimar Therapeutics stock, it's absolutely critical to analyze their stock prior to buying, so you actually wrap your head around the risk and opportunity.

Larimar Therapeutics stock at a glance

LRMR Price
$7.27
1w %
-0.68%
1y %
100.28%
5y %
-75.37%
P/E
-7.57x
P/B
2.01x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$45.08M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$463.84M
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of LRMR

WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on LRMR's stock page.

What is the fair value of LRMR stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge LRMR's fair value.

Using relative valuations methods:

  • LRMR may be undervalued based on its P/B ratio of 2.01x, relative to Biotechnology industry P/B ratio of 6.06x

You can access more valuation analysis on LRMR's stock here.

How do LRMR Financials look?

Positive Health Checks:

  • LRMR has cash burn of 36483000. It has enough cash and short-term investments to cover this for at least one year.
  • LRMR has $228.64M in cash and short term investments. This is enough to cover its annual cash burn of $36.48M.
  • LRMR has a low debt to equity ratio of 0.08.
  • There are more short-term assets than short-term liabilities on the LRMR balance sheet.
  • Total LRMR debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than long-term liabilities on the LRMR balance sheet.

Do Wall Street analysts think it's a good time to buy LRMR stock

Out of 3 Wall Street analysts who monitor LRMR, the consensus analyst rating on Larimar Therapeutics is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Larimar Therapeutics stock forecast page.

LRMR Trading Indicators

SMA10
7.62
SMA20
7.32
SMA50
7.51
SMA100
7.49
SMA200
5.54
MACD
0.03
MACD Signal
0.01
MACD Histogram
0.02
RSI
47.11
Stochastic %K
43.36
Stochastic %D
57.91
StochRSI %K
21.98
StochRSI %D
41.78

Latest Insiders Trades at LRMR

Over the past year, executives and large shareholders at LRMR have bought more shares than they have sold.

James E. Flynn, Director of LRMR, was the latest LRMR insider to buy. They bought $12,499,991.70 worth of LRMR shares on Feb 16, 2024.

Learn more about who owns LRMR shares here.

Does LRMR stock generate passive income?

No, Larimar Therapeutics doesn't provide an income stream by paying out dividends.

LRMR Social Trading Data

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Place your LRMR purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price, use a limit order.

Hit the Open Trade button and your broker will place the order.

If you require additional help with buying stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Get the latest scoop on your LRMR position

Now that you own some LRMR shares, you'll want to stay up-to-date on your investment.

Create a watchlist to get alerted to the latest events about your LRMR stock.

LRMR Feed

How to Buy Stock in Larimar Therapeutics

To summarize, here are the 6 steps for buying Larimar Therapeutics stock:

  1. Choose where to buy Larimar Therapeutics stock
  2. Open your brokerage account
  3. Fund your brokerage account
  4. Evaluate Larimar Therapeutics stock
  5. Place your LRMR purchase
  6. Get the latest scoop on your LRMR position

If you are looking for a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your new investment in Larimar Therapeutics, click below.

NASDAQ: LRMR
$7.27-0.11 (-1.49%)
Updated May 20, 2024
Open eToro Account
NASDAQ: LRMR
$7.27-0.11 (-1.49%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Larimar Therapeutics share?

As of May 20, 2024, it costs $7.27 to buy one share of Larimar Therapeutics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.413 shares of LRMR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Larimar Therapeutics stock?

According to 3 Wall Street analysts who monitor Larimar Therapeutics, their consensus recommendation is to buy Larimar Therapeutics stock.

What is the best way to buy Larimar Therapeutics stock?

One way to place an order for Larimar Therapeutics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.